The fuel oil refinery output in Denmark has shown considerable fluctuations over the years. From 2013 to 2018, there were notable increases and decreases, with the highest value recorded in 2018 at 1.82 Million Tonnes Of Oil Equivalent. However, from 2019 onward, a downward trend emerged, with 2023 output at 1.42 Million Tonnes Of Oil Equivalent. The compound annual growth rate (CAGR) from 2018 to 2023 reflected a decline of -4.8%.
Year-on-year variation for the last two years shows a decrease of -1.46% in 2022 and -1.44% in 2023. Forecasted data from 2024 to 2028 also suggest a continuous decline, with the expected output decreasing to 1.32 Million Tonnes Of Oil Equivalent in 2028. The forecasted 5-year CAGR indicates a reduction of -1.16%.
Future trends to watch for:
- Potential impact of global fuel policies and environmental regulations on refinery outputs.
- Technological advancements in refinery processes and their efficiency.
- Shifts in local and international demand for fuel oil.
- Alternative energy developments that could influence oil demand.
